That’s the takeover confirmed with new owners promising £20million to the transfer budget…
https://www.skysports.com/football/n...emiership-club
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That’s the takeover confirmed with new owners promising £20million to the transfer budget…
https://www.skysports.com/football/n...emiership-club
According to BBC news it’s a £20m share issue. Not exactly mega bucks is it?
Investing £20m into the club through a share issue. Not necessarily to the transfer budget.Quote:
Originally Posted by Donegal Hibby
They're promising to 'invest' £20 million in the club. Doesn't say how it's being used.Quote:
Originally Posted by Donegal Hibby
I'm sure Celtc are ****ing themselves, did they not have something like £75m just sat in the bank when their last results came out?
I didn’t see that just read that the vast majority of the £20m was to be used on getting new players in , still don’t think it will be enough to challenge the other lot especially as they can spend double that if they want too .Quote:
Originally Posted by Real Emerald
Not good news for us, however you spin it.
J
It’ll be interesting to see what Celtic do. They’re notorious for resting in their laurels and only spending what they need to, so I wouldn’t be surprised to see them get caught out next season.
They’ll then appease the fans by spending big the next season.
Bought current shares for £75 mil from Dave King etc, then there'll be a new share issue in 3 weeks for the £20mil. Not a massive cash injection that will see them beat Celtic to the league next year, but will stop them going bust in the foreseeable and possibly allow them to buy better players to then sell-on etcQuote:
Originally Posted by Real Emerald
Where did you read that? It's not in any of the numerous 'newsflash' articles.Quote:
Originally Posted by Donegal Hibby
So double what Hearts got, and it doesn’t sound like it comes with a Commodore64 either.
Is the door is now open for Black Knight to buy a majority shareholding in the club, should the Gordon's ever wish to exit? Or is it one of those "this is different because... Old Firm" situations?Quote:
Originally Posted by Bristolhibby
Be interesting to see if they can take a step up and start spending more on players. Not great news for us however you look at it.
It's different because it is different.Quote:
Originally Posted by Posh Swanny
The 49ers part of the consortium are taking no more than 25% of the club, similar to BKFC. The other partner (the Cavenagh part) have more than that.
Together, it's a 51% stake.
( to be cut and pasted every time this comes up :greengrin)
They don’t have a majority ownership in common with another club though. It is a consortium.Quote:
Originally Posted by Posh Swanny
£20m by means of a share issue isn’t really the massive cash injection they were expecting. They’ll definitely be in for Shankland again now as he’ll cost them nothing. 😂Quote:
Originally Posted by evy
Got it.Quote:
Originally Posted by CropleyWasGod
I can’t find it now though did read that there was £20m and the vast majority of it was going on new players . Different article than I previously read stating it’s going on the footballing side of the club ….Quote:
Originally Posted by Shrekko
https://www.irishexaminer.com/sport/...-41642380.html
The Daily Record reading section of the Sevco support will be thrilled, any others with a reading comprehension greater than that of a 14 year old will see that this doesn't amount to a whole lot in the large scheme of things.
I think there was talks at the time of the investment by BKFC that if they wanted to acquire a majority stake the SFA would look at relaxing the rules, no idea if BKFC will ever acquire a majority stake however.Quote:
Originally Posted by Posh Swanny
Fair enough, but that article is at odds with the actual quote in the new owners 'open letter' to their fans saying '"As our first step, we are investing fresh capital into Rangers, which will be strategically deployed on and off the pitch...'Quote:
Originally Posted by Donegal Hibby
Their fans must be a bit underwhelmed.
It's £20m they didn't have yesterday so already they're in a better place than they were in before this.
Beating Celtic isn't a million miles away for them in reality. Celtic wobbling would be beneficial of course but in reality the first thing they have to do is just get a competent group together to consistently beat the rest of us. They lost 6 games against the rest this season and if they can flip even 3 of them and a couple of their 8 draws against folk that weren't Celtic all of a sudden that league title race goes into the 90 point region.
It won't change much. Rangers will pull away slightly from Hibs but still be miles behind Celtic.
I think you’ve cut and pasted it countless times since the story first emerged!Quote:
Originally Posted by CropleyWasGod
It’s new shares they are issuing to raise £20mQuote:
Originally Posted by Donegal Hibby
20m😬 Unfortunately the figure they are meant to be receiving from the 49's is 190m minimum as previously reported.
Reported by half wit journalists trying to sell newspapers to half wit Sevco fans maybe. I posted this link to Phil Mac before but if it's accurate then it's a good insight into who the main players are and they are certainly not off the radar wealthy. More disappointment incoming for all who sail on HMS Sevco.Quote:
Originally Posted by erin go bragh
I may be oversimplifying this in my mind but it looks like the previous owners pocket £75m and the investment of £20m is coming from a share issue bought by who knows who (the fans)? Something that could have been done without a takeover? Or am I missing something?Quote:
Originally Posted by Billy Whizz
Whatever the ins and outs Sevco are in a better position than they were yesterday. If this lot own the San Francisco 49rs then they are obviously minted ............ billionaires own NFL franchises, not millionaires ...... so who knows what they will be prepared to chuck at this in the long run.
What pisses me off is that none of these people can sit down and see the value in investing in a club who might be able to challenge the status quo, rather than enabling one of a cabal who have all but monopolised Scottish football for over a century to keep that monopoly going.
Especially when these same people own a club in a sports league that is specifically engineered to ensure a situation such as we have in this country can't happen. I wonder how many folk would be watching the NFL if only the Cowboys and 49ers had won the superbowl in the last 40 plus years.
I wonder what research they have done into the social aspect that inspired them to sink millions into a club fined by UEFA for bigoted behaviour in the past and has had other clubs in the same league cutting their ticket allocation as a reaction to the sectarian bile spewing from the away end whenever they visit.
If Aberdeen winning the cup last week was bad for Hibs, but good for Scottish football. Then this investment is good for Sevco and a bloody disaster for the rest of us.
I love the NFL but don't particularly dislike any team ( perhaps the Cowboys ) now at least I can hate the 49ers whenever they play. Oh and the Buccaneers because their owners have totally destroyed my brothers club :greengrin
Quote:
Originally Posted by Real Emerald
Don’t know the 1st bit, but BBC reporting the below. Maybe the shareholders didn’t want to buy any more shares
“The club says £20m of new investment will be made available in the summer following a share issue.”
He's admittedly not a half wit journalist, just a half wit.Quote:
Originally Posted by HoboHarry
A half wit Celtic apologistQuote:
Originally Posted by Centre Hawf
He may be a one trick pony as far as promoting Celtic and ravaging Rangers is concerned but he does get facts unpalatable to Sevco followers out into the open far ahead of the “censored” mainstream media. Not a difficult task I admit.Quote:
Originally Posted by Centre Hawf
He’s done this ever since the “succulent lamb” days of David Murray.
What is he sayingQuote:
Originally Posted by monarch
I confidently predict that this will end in tears for them.
Celtic are in a slightly vulnerable position in that their team is at “one of those points” in the life cycle of a team but they’ve got pots of cash with which to improve.
Celtic will win 10 in a row, Rangers will be in trouble the next time they have an underwhelming Euro campaign, their support will fall away as they realise Scottish football becomes a 1 horse race and they’ll be deid again within a decade.
This will not have the impact that the hordes need and want it to.
Exactly right. there isn't another journalist in Scotland gets even close to him in terms of publishing accurate information regarding Sevco, his allegiances are irrelevant if he is consistently publishing material that's accurate or at least has a basis in fact. For others to call him an apologist when he is up against Daily Record and Sun journalists is pretty much laughable.Quote:
Originally Posted by monarch
Their fans are actually getting carried away by it all in they think it’s just the start , supposedly meant to have held talks with Francesco Farioli about becoming manager but with this takeover Thomas Franks been mentioned on their forum who they’d like instead 😆Quote:
Originally Posted by Shrekko
Less risky no? Will get a very good return on investment due to the dafty Hun fan base.Quote:
Originally Posted by NAE NOOKIE
Why take the risk on Hibs?
I agree with the sentiment though. It would be an easy one to get results.
J
As a Seahawks fan, hating the 49ers was always second nature for me. Now even more so.Quote:
Originally Posted by NAE NOOKIE
It's £19,999,999 more than Craig Whyte paid for the old Rangers. 😃Quote:
Originally Posted by Real Emerald
So Dave King finally walks away with a huge payoff, he has been trying for long enough. That seems a huge amount for a club with high debts, unless the directors are writing off the loans, again, after getting their shares paid off.Quote:
Originally Posted by evy
Either way they have probably spent £20 m in wages and transfers last few seasons, so it is the recruitment that now needs to vastly improve. Not really sure they will be that much better off.
However it is no surprise, these guys will have an eye on the medium term game, and assume they will be looking to start up a better player trading model, will just be interesting to see who runs that is it is clear current club structure does not have anything worthy at moment.
TBF over a long term, Rangers should create a big return on investment, its just going to be interesting on how they use it.
So glad someone reads my **** :greengrinQuote:
Originally Posted by tamig
Good of them to cover last year's loss then.
An investment which won’t get them near Celtic but will help them pull away from 3rd.
What an exciting league.
Just get both the ***** punted into the English leagues where they desperately want to be.
As an Eagles fan, I can confirm hating the Cowboys is normal behaviour.Quote:
Originally Posted by NAE NOOKIE
No time for the 49ers after they whined about an injury caused when they used a back up TE to block Reddick and Purdy got injured.
Evidently delusion doesn't have a ceiling in the Sevco Big Hoose..... :faf::faf:Quote:
Originally Posted by Donegal Hibby
Wow, is that all sang the fat lady. The fat bloke with his tag on his arm that insisted The Big Hoose must stay open will be raging at only 20m.Its good of Sevco to acknowledge their roots with the founding name on the back o the strips but why have they spelt it wi a K ? 20m only 20m , watch out 49ers , Fat bloke will be rounding up his possee if that's all the buck yeve got, bang bang.
I understand that, as a tribute to their new owners, they're replacing the old badge with this one.
Attachment 28847
Are they having to improve infrastructure for the local community as well? I'm pretty sure that was a condition of the BK buys a stake in hibs
According to transfermkt, rangers spent
5 million on Diomonde
3.6 million on Bajrami
3.2 million on Propper
2.3 million on Igamane
800k on Jefte
Last summer. Now I don’t imagine those figures are entirely accurate - however, they still spent a good chunk of money on player who are overall poor.
Year before that
6.3 million on Danilo
5 million on Dessers
4.1 million on Lammers
1.4 million on Cifuentes
To add to the above they have a 4 million obligation to buy on Cortes. A guy they’ve had on loan who has been injured the vast majority of the time and when played not impressed.
The issue for them is not just the money, it’s identifying good players.
Not entirely accurate is putting it mildly, out and out fantasy is more like it.Quote:
Originally Posted by Unseen work
Wonder if their second strip will now be papal gold rather than orange?
Nail. Head. And more. How to alienate yourself from 90% of football fans in Scotland. But it just goes to show how little is known about the most despicable club/fans in football - all because their behaviour is swept under the authorities **** pile. (Edit: so a luxury carpet hits the swear filter! Ha ha.)Quote:
Originally Posted by NAE NOOKIE
That's how I see it too, invest £20m to finish 2nd, nothing changes.Quote:
Originally Posted by Since452
Whilst this investment at Rangers and Bloom's at Hearts will inevitably get all the publicity going forward from a fawning press we shouldn't lose sight of what is happening at Hibs.
We are ahead of the game. We have the foundations of a really good team already in place and I'm really excited to see the impact of proper Black Knights involvement in the summer transfer window.
My sentiments exactly hopefully they can pull a rabbit out the hat in regards to Nectar GG2THQuote:
Originally Posted by Spike Mandela
So they're now part of a Kafflik dynasty and all they got was a bit of a share issue and some promises that sound pretty good?
No surrender[emoji16]
Sent from my SM-A750FN using Tapatalk
I see the new company are going for a name change and removing the The from the company name as well as changing the frontage to the stadium, looks different I must say Attachment 28853
Quote:
Originally Posted by PatHead
Nah, just a slight variation on their previous second strip.
Attachment 28854
He claims to be a “journalist”, but all I’ve ever read from him is of a Celtic fan who appears to care more about what Rangers are up to.Quote:
Originally Posted by monarch
Just comes across as a slaver. One of those annoying guys in the pub who has too much to say for himself as a so called expert in too many topics.
Best ignored.
He’s based in the Republic and writes for Irish newspapers and magazines.Quote:
Originally Posted by Carheenlea
If you’d rather lap up the Sevco PR stuff dished out by the Daily Record then fair enough.
Have full confidence Sevco will piss away this £20M just as they have so many millions over past few years. There's something deeply flawed at Hunbrox, just as there is at the PBS where literally no amount of money will materially affect the product on the park. Huns have lost their way and all the 49rs money will do is secure their place as the best of there also rans in Scotland.